Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
6th Edition
ISBN: 9781337589383
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 8, Problem 49SE
A survey conducted by the American Automobile Association showed that a family of four spends an average of $215.60 per day while on vacation. Suppose a sample of 64 families of four vacationing at Niagara Falls resulted in a sample
- a. Develop a 95% confidence
interval estimate of the mean amount spent per day by a family of four visiting Niagara Falls. - b. based on the confidence interval from part (a), does it appear that the population mean amount spent per day by families visiting Niagara Falls differs from the mean reported by the American Automobile Association? Explain.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
We are interested in whether the proportions of female suicide victims for ages 15 to 24 are the same between the white and the black races in the United States. We randomly pick one year to compare the races. The number
of suicides estimated in the United States in that year for white females is 4,930. Five hundred eighty-three were aged 15 to 24. The estimate for black females is 330. Forty-one were aged 15 to 24. We will let female suicide
victims be our population. (Use α = 0.05.)
NOTE: If you are using a Student's t-distribution for the problem, including for paired data, you may assume that the underlying population is normally distributed. (In general, you must first prove that assumption, though.)
Part (a)
State the null hypothesis.
○ Ho: PW> PB
O Ho: PW + PB
Ho: Pw≤ PB
Ho: PW-PB
○ Ho: Pw PB
Part (c)
In words, state what your random variable P'w-P'B represents.
P'w-P'B represents the average difference of white and black female suicide victims, aged 15 to 24.
○ P'w-P'B…
please solve this problem step by step and make it quick please
please solve this problem step by step and make it quick please
Chapter 8 Solutions
Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
Ch. 8.1 - 1. A simple random sample of 40 items resulted in...Ch. 8.1 - 2. A simple random sample of 50 items from a...Ch. 8.1 - 3. A simple random sample of 60 items resulted in...Ch. 8.1 - 4. A 95% confidence interval for a population mean...Ch. 8.1 - 5. Data were collected on the amount spent by 64...Ch. 8.1 - Travel Taxes. In an attempt to assess total daily...Ch. 8.1 - The National Fire Protection Association reported...Ch. 8.1 - 8. Studies show that massage therapy has a variety...Ch. 8.1 - Prob. 9ECh. 8.1 - 10. Costs are rising for all kinds of medical...
Ch. 8.2 - For a t distribution with 16 degrees of freedom,...Ch. 8.2 - Find the t value(s) for each of the following...Ch. 8.2 - The following sample data are from a normal...Ch. 8.2 - 14. A simple random sample with n = 54 provided a...Ch. 8.2 - Prob. 15ECh. 8.2 - Years to Bond Maturity. A sample containing years...Ch. 8.2 - Quality Ratings of Airports. The International Air...Ch. 8.2 - Unemployment in Older Workers. Older people often...Ch. 8.2 - Prob. 19ECh. 8.2 - Automobile Insurance Premiums. The average annual...Ch. 8.2 - Telemedicine. Health insurers are beginning to...Ch. 8.2 - Prob. 22ECh. 8.3 - 23. How large a sample should be selected to...Ch. 8.3 - Prob. 24ECh. 8.3 - Prob. 25ECh. 8.3 - Prob. 26ECh. 8.3 - Annual starting salaries for college graduates...Ch. 8.3 - Prob. 28ECh. 8.3 - 29. Customers arrive at a movie theater at the...Ch. 8.3 - Prob. 30ECh. 8.4 - 31. A simple random sample of 400 individuals...Ch. 8.4 - 32. A simple random sample of 800 elements...Ch. 8.4 - Prob. 33ECh. 8.4 - 34. At 95% confidence, how large a sample should...Ch. 8.4 - The Pew Research Center conducted a survey of...Ch. 8.4 - 36. According to statistics reported on CNBC, a...Ch. 8.4 - 37. One of the questions on a survey of 1000...Ch. 8.4 - According to Thomson Financial, through last...Ch. 8.4 - The percentage of Texans not covered by health...Ch. 8.4 - For many years businesses have struggled with the...Ch. 8.4 - 41. Fewer young people are driving. In 1983, 87%...Ch. 8.4 - Prob. 42ECh. 8.4 - Prob. 43ECh. 8.5 - Suppose a sample of 10001 erroneous Federal income...Ch. 8.5 - According to the Census Bureau, 2,475,780 people...Ch. 8.5 - Prob. 46ECh. 8.5 - Prob. 47ECh. 8 - 44. A sample survey of 54 discount brokers showed...Ch. 8 - 45. A survey conducted by the American Automobile...Ch. 8 - 46. The 92 million Americans of age 50 and over...Ch. 8 - Russia has recently started a push for stronger...Ch. 8 - 48. The Health Care Cost Institute tracks health...Ch. 8 - GlobalWebIndex reports that American Internet...Ch. 8 - 50. Mileage tests are conducted for a particular...Ch. 8 - Prob. 55SECh. 8 - Prob. 56SECh. 8 - 53. The National Center for Education Statistics...Ch. 8 - Prob. 58SECh. 8 - 55. The Pew Research Center has conducted...Ch. 8 - 56. A survey of 750 likely voters in Ohio was...Ch. 8 - The 2003 Statistical Abstract of the United States...Ch. 8 - 58. A well-known bank credit card firm wishes to...Ch. 8 - The American Enterprise Institute (AEI) Public...Ch. 8 - Prob. 64SECh. 8 - case Problem 1 Young Professional Magazine
Young...Ch. 8 - Gulf Real Estate Properties
Gulf Real Estate...Ch. 8 - Metropolitan Research, Inc.
Metropolitan Research,...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- 8.67 Free recall memory strategy. Psychologists who study ①memory often use a measure of "free recall" (e.g., the RECALL number of correctly recalled items in a list of to-be- remembered items). The strategy used to memorize the list-for example, category clustering-is often just as important. Researchers at Central Michigan University developed an algorithm for computing measures of cat- egory clustering in Advances in Cognitive Psychology (Oct. 2012). One measure, called ratio of repetition, was recorded for a sample of 8 participants in a memory study. These ratios are listed in the table. Test the theory that the average ratio of repetition for all participants in a similar memory study differs from .5. Select an appropriate Type I error rate for your test. .25 .43 .57 .38 .38 .60 .47 .30 Source: Senkova, O., & Otani, H. "Category clustering calculator for free recall." Advances in Cognitive Psychology, Vol. 8, No. 4, Oct. 2012 (Table 3).arrow_forward8.64 Radon exposure in Egyptian tombs. Refer to the D Radiation Protection Dosimetry (Dec. 2010) study TOMBS of radon exposure in Egyptian tombs, Exercise 7.39 (p. 334). The radon levels-measured in becquerels per cubic meter (Bq/m³)-in the inner chambers of a sam- ple of 12 tombs are listed in the table. For the safety of the guards and visitors, the Egypt Tourism Authority (ETA) will temporarily close the tombs if the true mean level of radon exposure in the tombs rises to 6,000 Bq/m³. Consequently, the ETA wants to conduct a test to deter- mine if the true mean level of radon exposure in the tombs is less than 6,000 Bq/m³, using a Type I error probabil- ity of .10. A SAS analysis of the data is shown on p. 399. Specify all the elements of the test: Ho, Ha, test statistic, p-value, a, and your conclusion. 50 390 910 12100 180 580 7800 4000 3400 1300 11900 1100 N Mean Std Dev Std Err Minimum Maximum 12 3642.5 4486.9 1295.3 50.0000 12100.0arrow_forwardHow does probability help businesses make informed decisions under uncertainty? Provide an example of how businesses use probability in marketing to predict customer behavior. Why is probability considered essential in financial decision-making, particularly in portfolio management? Discuss how the use of probability in inventory management can improve customer satisfaction. Compare the role of probability in marketing and financial decision-making. How do the applications differ in their objectives?arrow_forward
- 55 5.5 A glass bottle manufacturing company has recorded data on the average number of defects per 10,000 bottles due to stones (small pieces of rock embedded in the bottle wall) and the number of weeks since the last furnace overhaul. The data are shown below. Defects per 10,000 Weeks 13.0 4 16.1 5 14.5 6 17.8 7 22.0 8 27.4 9 16.8 10 65.6 ☐☐ Defects per 10,000 Weeks 34.2 11 12 49.2 13 66.2 81.2 87.4 14 15 16 114.5 17 a. Fit a straight-line regression model to the data and perform the standard tests for model adequacy. b. Suggest an appropriate transformation to eliminate the problems encoun- tered in part a. Fit the transformed model and check for adequacy.arrow_forwardOne estimate of the proportion of children with autism in the United States is 1 in 100 (Source: http://www.cbsnews.com/stories/2009/10/05/health/main5363192.shtml). Suppose you are interested in the rate of autism among current school-aged children in Utah. You collect a sample of 400 children between the ages of 5 and 18 and find that three have had a previous diagnosis of an autism disorder. You plan to calculate a 95% confidence interval estimator of the proportion of school-aged children in Utah who have ever had a diagnosis of an autism disorder. Which of the following is the most likely reason you would use a Wilson estimator to calculate the confidence interval estimator? It is uncomfortable to define having been diagnosed with autism as a success. It is possible that if even the actual proportion in Utah is 1%, your sample may only have very few children who have had a previous diagnosis of an autism disorder. It is an easier way to calculate the confidence…arrow_forwardProblem 2-6. Need help on why its 1.22arrow_forward
- Scenario: As a data analyst for a retail company, you are tasked with examining the relationship between televisions screen size, and prices. Your analysis will involve both correlation and regression methods to quantify and interpret this relationship Make a Scatterplot of screen size vs. price. Explain in one sentence, does there appear to be a positive or a negative correlation between price and screen size? Paste a snapshot of the plot here. Please do not copy paste. Question 1: What is the value of correlation coefficient between screen size and price? Discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size. (The answer for the second part of this…arrow_forwardvery time you conduct a hypothesis test, there are four possible outcomes of your decision to reject or not reject the null hypothesis: (1) You don’t reject the null hypothesis when it is true, (2) you reject the null hypothesis when it is true, (3) you don’t reject the null hypothesis when it is false, and (4) you reject the null hypothesis when it is false. Consider the following analogy: You are an airport security screener. For every passenger who passes through your security checkpoint, you must decide whether to select the passenger for further screening based on your assessment of whether he or she is carrying a weapon. Suppose your null hypothesis is that the passenger has a weapon. As in hypothesis testing, there are four possible outcomes of your decision: (1) You select the passenger for further inspection when the passenger has a weapon, (2) you allow the passenger to board her flight when the passenger has a weapon, (3) you select the passenger for further inspection when…arrow_forwardEKS C ALEKS - Kim Johnson - Ch 6S × 4 www-awy.aleks.com alekscgi/x/sl.exe/16_u-lgNs/kr7j8FB)--BjuvZG weRMign 4tCy83MpSgONH0-ovaPm-Zym e Chrome isn't your default browser Set as default Ch 6 Sec 4 Homework Question 4 of 4 (1 point) | Question Attempt: 2 of Unlimited ✓ 2 ✓ 3 = 4 Stress at work: In a poll conducted by the General Social Survey, 81% of respondents said that their jobs were sometimes or always stressful. Two hundred workers are chosen at random. Use the TI-84 Plus calculator as needed. Round your answer to at least four decimal places. (a) Approximate the probability that 155 or fewer workers find their jobs stressful. (b) Approximate the probability that more than 145 workers find their jobs stressful. (c) Approximate the probability that the number of workers who find their jobs stressful is between 154 and 172 inclusive. Part 1 of 3 The probability that 155 or fewer workers find their jobs stressful is 0.1207 Part 2 of 3 bility that more than 145 workers find their jobs…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License